Greenland Capital Management LP Invests $1.30 Million in Silicon Laboratories, Inc. $SLAB

Greenland Capital Management LP bought a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB) during the second quarter, Holdings Channel reports. The fund bought 5,931 shares of the semiconductor company’s stock, valued at approximately $1,296,000.

Several other hedge funds have also modified their holdings of SLAB. California State Teachers Retirement System increased its position in shares of Silicon Laboratories by 21.5% in the first quarter. California State Teachers Retirement System now owns 38,003 shares of the semiconductor company’s stock worth $7,910,000 after acquiring an additional 6,737 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Silicon Laboratories by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock valued at $521,808,000 after acquiring an additional 121,432 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Silicon Laboratories by 395.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 239,318 shares of the semiconductor company’s stock valued at $49,814,000 after acquiring an additional 190,994 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Silicon Laboratories by 74.3% in the 4th quarter. Hsbc Holdings PLC now owns 11,558 shares of the semiconductor company’s stock valued at $1,516,000 after acquiring an additional 4,927 shares in the last quarter. Finally, SEB Asset Management AB acquired a new position in Silicon Laboratories in the 1st quarter worth approximately $1,562,000.

Silicon Laboratories Stock Down 0.0%

SLAB stock opened at $218.00 on Friday. The company has a 50 day moving average of $218.29 and a two-hundred day moving average of $212.53. The company has a market cap of $7.27 billion, a price-to-earnings ratio of -184.75 and a beta of 1.37. Silicon Laboratories, Inc. has a 12-month low of $115.50 and a 12-month high of $220.90.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Silicon Laboratories had a negative net margin of 4.57% and a negative return on equity of 0.66%. The business had revenue of $228.19 million for the quarter, compared to analysts’ expectations of $227.99 million. During the same period in the previous year, the company posted $0.11 EPS. Silicon Laboratories’s revenue was up 18.3% on a year-over-year basis. On average, research analysts anticipate that Silicon Laboratories, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on SLAB shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Wednesday, June 24th. Zacks Research lowered Silicon Laboratories from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $218.00.

Silicon Laboratories Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.